PBOC : digital RMB, rails—no SWIFT / Crypto, JPY in focus / Bessent : no delay, yet anyway

Just before the Asian open : White House economic advisor says President Trump is not trying to crash the stock market with tariffs
Bessent brushed aside worries about the longer-term effects of the Trump administration’s sweeping tariffs, Lutnick said a few times 9th April it is, no delay, otherwise talking absolute garbage, but hey, "Companies are double-checking the numbers on planned factories, or halting them altogether.", Ackman, few other CEO's and Musk now turning against Trump's tariffs (could never see this one coming!), WH saying up to 50 countries signing up to zero tariffs, markets pretty shaky, you'd think the market needs a '9th april delay', how on earth can they negotiate this in 1 day, anyhow the most important one is Europe, and it's China they want to hit (but China can hold for years is they want to), EU has a set of countermeasures ready for today, and the US is already preparing a bailout for farmers.. >>> US continues to use the UKR and tariffs sticks, tariffs clearly there to be DEVISIVE, and they would appear to policy not just tactic, but its far too severe policy, pretty absurd, so to be posponed at some point, one would think !
USD will dive the longer this goes on, after the initial 'margin call demand' >>> relative to NIKKEI and risk in general, JPY could head a lot higher in near term (BUY some JPY calls 3months), crossjpys about 1.5% lower so far
GOLD hit a 3-4pct last week, Silver hammered 10-15pct (margin call central) - looks reasonable levels to consider again #XAG #SILJ - further stops after open 28.75 silver
Crypto hit hard over weekend, just reacting like any risk assets, MSTR overall long is around 68K, getting very dangerous for Saylor !
SPX500 could head down towards 45-4800, (just trading there now after opening in Asia) valuations then would look more in line and attractive relative to europe etc >>> but markets need something positive to initiate a short covering rally, a 1-2-3months delay could do this, be nimble, set you shopping list in single stocks, leave your buy orders in system, stagger them down, funny things happen when big ETF's house see liquidation!
Toy prices could jump 50% following Trump’s tariffs on China, Vietnam, it's over kids, we going back to making our own games from here on
While the US dithers, China just launched a financial nuke: 16 nations now trade on its digital RMB rails—no SWIFT, no dollar. Faster, cheaper, unstoppable. The old system is already obsolete
Lunatic ..Lutnick: "The army of millions and millions of human beings screwing in little screws to make iPhones -- that kind of thing is going to come to America."
Keir Starmer orders UK economic reset amid Donald Trump’s tariff mayhem
PM ready to ditch ‘old assumptions’ and is debating possible changes to fiscal rules to boost growth.... got to get closer to EU
Tech bull Dan Ives slashes PT for Tesla, Apple over Trump's 'tariff armageddon'
EU enthusiasm for retaliation against the US stands in contrast to its reluctance to confront Russia. Greek oil tanker sales to Putin's shadow fleet are ongoing. The EU looks the other way. Brussels systematically avoids the fights that matter & prefers grandstanding on tariffs/RobinBrooks
Marine Le Pen calls her conviction a 'political decision'
Germany is considering withdrawing approximately 1,200 tons of gold, valued at around $124 billion, from a U.S. FED vault in NYC due to concerns over Trump’s unpredictable policies
Druckenmiller on Tariffs/interview below
Everyone says Europe can't compete with America in tech. But Mistral's 'Le Chat' just proved them wrong: • 13x faster than ChatGPT • 100% open-source
Ackman : The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust